Retail Stocks End Tough Week on Upswing

Retailers outperform on Wall Street, rising 1 percent.

The S&P 500 Retailing Industry Group gained 1 percent, or 6.95 points, to 734.94 today. Even so, the sector declined 2.4 percent for the week, falling sharply after the bombings at the Boston Marathon and as investors fretted over the economy. The Dow Jones Industrial Average inched up 0.1 percent, or 10.37 points, to 14,547.51, a decline of 2.1 percent for the week. Blue Chip stocks were held back by International Business Machines Corp., which fell 8.3 percent to $190 after disappointing first-quarter results.

The FTSE MIB in Milan led the way, up 1.8 percent to 15,760.78, followed by Paris’ CAC 40, up 1.5 percent to 3,651.96. The FTSE 100 in London climbed 0.7 percent to 6,286.59. Frankfurt’s DAX lost 0.2 percent to 7,459.96.

The pound traded at $1.51 against the dollar while the euro fetched $1.31.

Retail and luxury stocks were similarly upbeat, with the day’s biggest gainers including Inditex, up 4.4 percent to 96.97 euros; Tod’s, 2.3 percent to 105.90 euros, and Kering, 2 percent to 166 euros. L’Oréal jumped 4.3 percent to 126.40 euros after it said Thursday that first-quarter sales gained 5.1 percent.

For pre-fall, Vivetta Ponti reimagined the characters of an antique tapestry through a punkish filter. The result was a collection that looked a tad less sugar-coated compared to previous seasons. While the brand’s signature feminine ad whimsical iconography, including cute animals and butterflies, were still there, a range of tartan pieces, including a coat and a plissé skirt showing floral inserts, as well as maxi-printed puffers, exuded a cool, urban vibe, writes @aleturra85.
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After dominating in the makeup and lingerie categories, not to mention her Fenty line with Puma, Rihanna is getting ready for her next act in fashion.
According to sources, the superstar has been in secret talks with LVMH Moët Hennessy Louis Vuitton to launch a luxury fashion house under her name. The eponymous collection is said to cover everything from ready-to-wear to leather goods and accessories and is expected to launch later this year in tandem with Rihanna’s ninth studio album.
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Victoria Beckham has developed a power-dressing formula of her own that revolves around elegant tailoring, cozy knits and feminine yet easy-to-throw-on midi dresses — and she keeps returning to it, as it clearly seems to appeal to her growing customer base of women who subscribe to her brand of modern femininity and glamorous yet no-fuss clothing. “Ultimately it does always have to come back to the customer and what she wants,” Beckham told WWD while presenting her pre-fall 2019 collection. “When we do want to do something different, it is about doing it in a way that she can understand, taking her by the hand and showing her how to put the pieces together so that she can try new things and challenge herself.” Report: @natalietheodosi .
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